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State Whether the Fol/Owing Statements Are True Or False:Under Amalgamation, Cash and Bank Balance is Not Transferred to Realisation A/C When It Has Been Taken Over by the Purchasing Company.

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Question

State whether the fol/owing statements are True or False:
Under amalgamation, cash and bank balance is not transferred to Realisation A/c when it has been taken over by the purchasing company.

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Solution

False

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Amalgamation
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